This page has been updated with data released in June 2025 for the May 2025 period.
Home sales in Calgary saw a 29% year-over-year decrease with sales of 2,125 in May 2025. New listings saw an increase of 11.3% year-over-year. The sales-to-new-listing ratio (SNLR) for May 2025 was 55%.
Average Home prices in Calgary
The overall average home price in Calgary is $649,529 which for all home types. These are the other average home prices in Calgary by home type:
| Area | Home Price |
|---|---|
| Total | $649,529 |
| Detached | $846,985 |
| Row & Townhouse | $466,345 |
| Semi-Detached | $686,287 |
| Apartment | $341,988 |
Median Home prices in Calgary
The median home price in Calgary is much lower than the average at $590,500. These are the median home prices in Calgary by home type:
| Area | Home Price |
|---|---|
| Total | $590,500 |
| Detached | $730,000 |
| Row & Townhouse | $449,000 |
| Semi-Detached | $608,500 |
| Apartment | $318,000 |
Benchmark Home prices in Calgary
The benchmark home price looks to provide a home price based on the price of a typical home within Calgary. These are the benchmark home prices in Calgary for each home type:
| Area | Home Price |
|---|---|
| Total | $589,900 |
| Detached | $769,400 |
| Row & Townhouse | $453,600 |
| Semi-Detached | $697,300 |
| Apartment | $335,300 |
How much income would it take to afford a home in Calgary?
This table shows the income needed to afford a home based on the median home price in Calgary:
| Area | Home Price | Income | Y/Y Change |
|---|---|---|---|
| Total | $590,500 | $157,625 | +$6,282 (+4.15%) |
| Detached | $730,000 | $188,924 | -$ (-0.00%) |
| Row & Townhouse | $449,000 | $125,878 | -$2,019 (-1.58%) |
| Semi-Detached | $608,500 | $161,664 | -$3,141 (-1.91%) |
| Apartment | $318,000 | $96,486 | -$2,019 (-2.05%) |
For the calculation of income to afford a home in Calgary we used the following as inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 3.89%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month ($4250 per year)
- Heating costs of $150 per month ($1800 per year)
Real estate data for Calgary is released and updated by the Calgary Real Estate Board (CREB).